@ The White House
In the morning, the President will receive the Presidential Daily Briefing and meet with senior advisors in the Oval Office. These meetings are closed press.
Later in the morning, the President will hold an event to call on Congress to move forward in a bipartisan way to pass a clean extension of the Surface Transportation Bill, which expires at the end of September, and a clean extension of the Federal Aviation Administration Reauthorization, which expires in mid-September.
The President will be joined by Secretary of Transportation Ray LaHood, AFL-CIO President and member of the President?s Council on Jobs and Competitiveness Richard Trumka, U.S. Chamber of Commerce COO David Chavern, and workers who would be affected if Congress fails to act.
The President will discuss the importance of moving forward with this extension to protect nearly a million American jobs and highlight the opportunity we have to work in a bipartisan way to further invest in rebuilding our nation?s infrastructure to strengthen our economy and create new jobs across the country.
@ Wall Street
Trading is expected to be volatile in the lead up to the influential U.S. non-farm payrolls data on Friday, with volumes staying patchy in the final week of the northern-hemisphere summer holidays and into the U.S. Labor Day holiday on Sept. 5.
Just ahead is the ADP report on the U.S. private sector employment market as well as business activity in the Chicago area due later on Wednesday.
Weaker-than-expected headlines will no doubt boost expectations for the Fed to act at the September 20-21 meeting.